Financial Analyst Salary in Minnesota
Based on 7K+ workers in Minnesota
Median Annual Salary (MN)
$102,990
$49.51/hr
vs National Average
$97,172
+6.0% vs national median
Salary Range (10th–90th)
$65K – $162K
7K employed in Minnesota
Financial Analysts in Minnesota earn a median salary of $102,990 per year, which is 6% above the national average. With approximately 7,450 professionals working in this field across the state, Minnesota offers competitive compensation for financial analysis roles. The salary range spans from $65,290 to $161,580 annually, reflecting variation based on experience and specialization.
Several factors influence Financial Analyst salary in Minnesota, including years of experience, industry sector, and employer size. Professionals working in finance, healthcare, or technology sectors often command higher salaries than those in other industries. Additionally, certifications such as the CFA and advanced degrees can significantly impact earning potential, while geographic location within the state and company headquarters location also play a role in compensation differences.
Salary Distribution — Financial Analyst in Minnesota
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $65,290 |
| 25th percentile | $78,860 |
| Median (50th percentile) | $102,990 |
| 75th percentile | $128,250 |
| 90th percentile | $161,580 |
Top-Paying Industries for Financial Analyst (U.S.)
Which industries pay Financial Analysts the most — nationwide figures (industry-level data is not available by state). Financial Analysts in Minnesota tend to follow these industry patterns.
| Industry (U.S.) | Median Salary | Employed (U.S.) |
|---|---|---|
| Mining, Quarrying, and Oil and Gas Extraction | $124,750 | 1K |
| Information | $118,090 | 12K |
| Finance and Insurance | $107,030 | 155K |
| Utilities | $106,720 | 2K |
| Real Estate and Rental and Leasing | $104,500 | 11K |
Source: U.S. BLS OEWS National Industry-Specific estimates, May 2025. National figures (not state-specific).
Historical Salary Trend — Financial Analyst in Minnesota vs National
| Year | Median Salary (Minnesota) |
|---|---|
| 2022 | $91,420 |
| 2023 | $99,380 |
| 2024 | $102,800 |
| 2025 | $102,990 |
| 2026 (projected) | $103,180 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | Minnesota Median | National Median |
|---|---|---|
| 2022 | $91,420 | $85,095 |
| 2023 | $99,380 | $87,779 |
| 2024 | $102,800 | $94,263 |
| 2025 | $102,990 | $97,172 |
| 2026 (projected) | $103,180 | $97,352 |
Financial Analyst Salary by Experience Level in Minnesota
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $78,860 |
| Mid-level | 3-5 yrs | $102,990 |
| Senior | 6-9 yrs | $128,250 |
| Staff / Lead | 10+ yrs | $161,580 |
Financial Analyst Salary in Other States
Related Financial Analyst Salaries in Minnesota
How other high-demand occupations in Minnesota compare to Financial Analyst ($102,990 median).
| Occupation | Median Salary | vs Financial Analyst | Hourly |
|---|---|---|---|
| Financial Manager in MN | $163,410 | +58.7% | $78.56/hr |
| Actuary in MN | $128,100 | +24.4% | $61.59/hr |
| Economist in MN | $105,120 | +2.1% | $50.54/hr |
| Financial Examiner in MN | $104,260 | +1.2% | $50.13/hr |
| Personal Financial Advisor in MN | $102,660 | -0.3% | $49.36/hr |
| Loan Officer in MN | $95,170 | -7.6% | $45.75/hr |
| Budget Analyst in MN | $85,970 | -16.5% | $41.33/hr |
| Compliance Officer in MN | $85,920 | -16.6% | $41.31/hr |
| Securities Sales Agent in MN | $83,350 | -19.1% | $40.07/hr |
| Tax Examiner in MN | $83,280 | -19.1% | $40.04/hr |
| Credit Analyst in MN | $82,630 | -19.8% | $39.73/hr |
| Accountant in MN | $81,600 | -20.8% | $39.23/hr |
Frequently Asked Questions
How much do financial analysts make in Minnesota?
- The median salary for financial analysts in Minnesota is $102,990 per year, or $50 per hour. This is 6.0% higher than the national average, making Minnesota an above-average market for this profession.
What is the salary range for financial analysts in Minnesota?
- Financial analyst salaries in Minnesota range from $65,290 to $161,580 per year, depending on experience, education, and employer. This wide range reflects differences in career progression and specialization within the field.
How many financial analyst jobs are available in Minnesota?
- There are approximately 7,450 financial analysts employed in Minnesota, indicating a substantial job market for this profession in the state.
Is Minnesota a good state for financial analyst salaries compared to the US average?
- Yes, Minnesota offers above-average compensation for financial analysts, with a median salary of $102,990 that is 6.0% higher than the national average. This makes it an attractive location for professionals in this field seeking competitive pay.